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Official percentage of clients losing money (EU brokers)

  • #41
  • Aug 14, 2018 10:25am Aug 14, 2018 10:25am
I think you're all splitting hairs here...

...the fact is figures have NOT come back as 95%. Far from it!
  • #42
  • Edited 4:10pm Sep 7, 2018 3:56pm | Edited 4:10pm
Quoting Darastonius
These numbers are surpisingly good. I thought they will be somewhere above 90-95%. Definitely a big slap to those who always comment trading is impossible. Or some shit like the second comment above this one. Must be a painful realisation, that it is not the case, and you are at fault.

Yeah, people like to spread lies around the internet, and even more unfortunate is that, the masses are just as quick as to believe the fear mongering and lies.

That being said, I would be more comfortable if the losing range was 50-60% or lower.

70--80% losses is still not good at all. Looking at you FXTM, FXPro, OANDA,Pepperstone etc.

Unfortunately ESMA has got the wrong idea in capping leverage, just more transparency is a better idea. And introducing negative balance protection and disallowing bonuses, that i can also support

Quote
And small traders gamblers with ESMA placing smaller than ever bets, or the restricted leverage.

Not all small traders are gamblers, how elitist.
Just because someone is starting small does not mean they havent taken time to educate themselves.
And Your version of small might be big money to someone else.
  • #43
  • Sep 8, 2018 1:10am Sep 8, 2018 1:10am
Quoting patterncode
{quote} Yeah, people like to spread lies around the internet, and even more unfortunate is that, the masses are just as quick as to believe the fear mongering and lies. That being said, I would be more comfortable if the losing range was 50-60% or lower. 70--80% losses is still not good at all. Looking at you FXTM, FXPro, OANDA,Pepperstone etc. Unfortunately ESMA has got the wrong idea in capping leverage, just more transparency is a better idea. And introducing negative balance protection and disallowing bonuses, that i can also support {quote}...
Agree on everything you've said apart from 70-80% not being good.

Putting these percentages into perspective, only the top 20% of any class, profession, trade, makes it to the top. If you looked at the percentage of successful businesses, A grade students, 1st class degrees etc... they are all up there around 20%.

Why should successful trading be any different?

But as with any of the examples above, it is also completely do-able, which makes these figures encouraging for any wannabe trader who is prepared to put in the work, knowing they have to get into the top 20% to succeed.
  • #44
  • Sep 8, 2018 2:42am Sep 8, 2018 2:42am
Quoting tradesimply
{quote} Agree on everything you've said apart from 70-80% not being good. Putting these percentages into perspective, only the top 20% of any class, profession, trade, makes it to the top. If you looked at the percentage of successful businesses, A grade students, 1st class degrees etc... they are all up there around 20%. Why should successful trading be any different? But as with any of the examples above, it is also completely do-able, which makes these figures encouraging for any wannabe trader who is prepared to put in the work, knowing they...
I second everything you just stated.

Ever since I can remember it was always beaten into our heads that at least 95% of traders were losers. I wonder where they got that number from...
  • #45
  • Sep 8, 2018 7:09am Sep 8, 2018 7:09am
i decided to establish my own broker more easier than trade is take traders money :v
  • #46
  • Sep 8, 2018 8:24am Sep 8, 2018 8:24am
Quoting Aad
{quote} I second everything you just stated. Ever since I can remember it was always beaten into our heads that at least 95% of traders were losers. I wonder where they got that number from...
All this is a pretty recurring topic. It all depends of the TIME FRAME. The longer the period, the higher the proportion of loosers. 95% may even be accurate on several years.
  • #47
  • Sep 10, 2018 10:35pm Sep 10, 2018 10:35pm
From the stats the 80/20 rule seem to apply. 80% eventually lose. If disciplined, forex still offers great opportunity. Trading should be a long-term
investment. That way one may get into the 20%. Unfortunately, patience and discipline are hard to come by when one thinks of getting rich now!
  • #48
  • Sep 27, 2018 11:32am Sep 27, 2018 11:32am
do these figures change monthly or what?

fxtm went from 89% to 70%....I just their site this week
  • #49
  • Oct 9, 2018 9:37am Oct 9, 2018 9:37am
Quoting babakeni
From the stats the 80/20 rule seem to apply. 80% eventually lose. If disciplined, forex still offers great opportunity. Trading should be a long-term investment. That way one may get into the 20%. Unfortunately, patience and discipline are hard to come by when one thinks of getting rich now!
Unfortunately the statistics published by these brokers mean nothing.

As we all know traders have a habit of having larger losses than wins.

So one quarter you could be up $100, and be counted as one of the winning percentage. The next quarter you could lose $10,000, and be counted in the losing percentage.

Overall you have lost a lot of money.

So the broker statistics can say 80% winners and 20% losers every time it's calculated ..... but long term they can still have 100% losers.
  • #50
  • Oct 9, 2018 12:50pm Oct 9, 2018 12:50pm
Quoting patterncode
do these figures change monthly or what? fxtm went from 89% to 70%....I just their site this week
The calculation shall be performed every three months and cover the 12-month period preceding the date on which it is performed (‘12-month calculation period’).

I am going to update the numbers near term.
  • #51
  • Last Post: Oct 10, 2018 8:08am Oct 10, 2018 8:08am
Quoting anti-flash
{image}
Sounds about perfect
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